“Regenera America”, Mercado Libre's program that supports biome regeneration and conservation projects in Latin America, will reach U$18 million in 2022
June 09 2022 - 4:01PM
Aware of the environmental impact and the responsibility to create
concrete actions to mitigate it, Mercado Libre reinforces its
commitment to grow in harmony with the environment and generate a
positive social and environmental impact in the regions where it
operates. Through the
Regenera América Program,
the company will invest U$18 million to support initiatives for the
regeneration and conservation of biomes in Latin America.
The program was created in 2021 with an initial
investment of almost U$8 million to finance two projects in
Brazil's Atlantic Forest, one of the most threatened ecosystems in
the region. This year, Regenera América will make an additional
investment of U$10 million for new projects and the expansion of
projects already implemented. In this new edition of the program,
four projects in Brazil and one in Mexico have been selected.
Latin America is home to some of the planet's
most important biomes, which play a fundamental role in the
well-being of people and the planet, as they help to mitigate the
advance of climate change by capturing and storing carbon emitted
into the atmosphere. Protecting this heritage is essential to
combat the climate crisis and guarantee environmental services that
are indispensable for life.
"Mercado Libre's rapid growth in Latin America
increases the responsibility and challenges regarding the impact of
our operations. With this in mind, we have adopted the following
measures to reinforce our commitment to generate a positive
socio-environmental impact in the regions where we operate:
measuring and reporting our carbon footprint; using renewable
energy sources in our Storage Centers and offices; expanding our
fleet of electric cars; implementing material circularity
management processes; and supporting projects with environmental
and social impact that we finance from the proceeds of the US$400
million sustainable bond announced in 2020," says Pedro Arnt, Chief
Financial Officer of Mercado Libre. "Regenera America is part of
Mercado Libre's global ESG strategy. Each year, we will invest an
amount proportional to our carbon footprint in regeneration and
conservation initiatives that contribute to the fight against
climate change and generate new carbon credits," he concludes.
In partnership with the Instituto de Pesquisa
Ecológica (IPÊ), a leading organisation in environmental issues, an
additional 50 hectares will be restored in Brazil's Atlantic
Forest, and 100,000 native species will be planted. The program
will also promote three new projects. The first will be in the Pau
Brazil Corridor. Together with local NGOs, it will work on the
restoration of 70 hectares of Atlantic forest by planting 116,000
native trees in the state of Bahia and the creation of a biological
corridor between two national parks. In the Tinguá-Bocaina Parks,
70 hectares will be restored by planting 116,000 native Atlantic
Forest trees in the state of Rio de Janeiro and protecting the
region's watersheds. Café Apuí is the third initiative that will
focus on creating forestry projects in the Amazon. The projects
will be implemented together with Pachama, a startup that uses
satellite data and artificial intelligence to protect and manage
ecosystems.
In Mexico, Regenera America will support the
Llanos de Apan (Aquifer Restoration Project) together with Pachama
and Toroto -a leading company in the environmental sector that
works with nature-based solutions to address the climate crisis.
The initiative aims to prevent the increasing erosion in the area
that has eliminated metres of soil, and to improve the health of
the aquifer by restoring 3,100 hectares of which 100 hectares will
be actively restored with the planting of 120,000 native trees, and
3,000 hectares passively. The initiative includes soil conservation
activities, rehabilitation of water bodies, and environmental
education in the area.
“We are delighted to expand our partnership with
Mercado Libre to originate new forest restoration and conservation
projects throughout Latin America. Last year, we began with a
single project, restoring 250 hectares of land in Brazil. This
year, we'll be partnering on five projects in total, in which we
will protect and restore 3,300 hectares of land and over 3 million
trees across Brazil and Mexico. These projects will have a
meaningful impact on the local communities, wildlife and our
climate, impacts that we’ll be measuring consistently over the
years. We’re honoured to partner with leaders like Mercado Libre to
restore nature, using technology at every step along the
way,” says Diego Saez Gil, Co-Founder & CEO at
Pachama.
More information at www.regeneraamerica.com
About Mercado LibreFounded in
1999, Mercado Libre is Latin America’s leading e-commerce
technology company. Through its Mercado Libre, Mercado Pago and
Mercado Envios platforms, it offers solutions so that individuals
and companies could buy, sell, advertise, send and pay for goods
and services online. Mercado Libre offers services to millions of
users and creates an online market for negotiation of a wide
variety of goods and services in an easy, safe and efficient way.
The website is among the 50 most visited websites in the world in
terms of page views and it is the mass consumption platform with
the highest number of unique visitors in the most important
countries where it operates, according to metrics provided by
comScore Networks. The Company is listed on the Nasdaq (NASDAQ:
MELI) since its initial public offering in 2007 and is one of the
best places to work for in the world according to GPTW ranking.
About Pachama Pachama is a
technology company on a mission to restore nature to solve climate
change. Harnessing the latest advancements in satellite imagery,
remote sensing and machine learning, Pachama measures the carbon
stored in our forests with unprecedented precision and monitors
forest growth over time. Through the Pachama platform, responsible
companies can confidently invest in high-quality forest
conservation projects verified by Pachama’s rigorous evaluation
process.
Investor Relations Contact:
investor@mercadolibre.comhttp://investor.mercadolibre.com
Media Relations
Contact:valeria.bazzi@mercadolibre.com
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